NY A10096

Legislature must enact a code of corporate responsibility by July 1, 2020, establishing that corporations doing business in New York have responsibilities to the state's people and communities.

Code of corporate responsibility shall require corporations to promote economic security, protect air and water quality, provide safe workplaces, and refrain from monopolistic or oligopolistic pricing practices.

All entities with corporate powers or privileges—including limited liability companies and corporations formed outside New York—must conduct activities in accordance with the code of corporate responsibility.

Expands the definition of "corporation" in the state constitution to include associations, joint-stock companies, limited liability companies, and other entities with corporate powers.

Supreme Court may dissolve or revoke business authority of corporations that violate the code of corporate responsibility, obtain incorporation through fraud, exceed their authority, violate state law on a continuing basis, or act contrary to public policy.